Practice investment banking modeling with hands-on financial modeling tests covering 3-statement modeling, DCF, and M&A
3-Statement Modeling Tests
Build integrated financial models connecting the income statement, balance sheet, and cash flow statement.
Simple 3-Statement Model
Build a straightforward integrated model connecting the three financial statements.
Start PracticeMedium 3-Statement Model
Practice a more detailed integrated financial statement model with additional forecasting work.
Start Practice3-Statement Model — Amazon
Build an integrated financial model using historical and forecast financial statements for Amazon.
Start Practice3-Statement Model — Nucor
Projected revenue segments and detailed three-statement modeling for an asset-heavy business, based on Nucor’s financials.
Start PracticeDCF Modeling Tests
Practice forecasting free cash flow, calculating terminal value, discounting cash flows, and building complete valuation models.
Simple DCF Model
A straightforward DCF exercise covering the core mechanics of forecasting free cash flow, calculating terminal value, and discounting cash flows to arrive at enterprise value.
Start PracticeDCF Model — WebMD
Build a more complete DCF model using historical financials, operating forecasts, valuation assumptions, and sensitivity analysis.
Start PracticeDCF Model — Activision Blizzard
Practice building a DCF from company financials and operating assumptions while connecting the forecast, valuation, and trading comparables into one integrated model.
Start PracticeDCF Model — Oracle
An advanced DCF modeling test designed to challenge your ability to build a detailed forecast and valuation model using realistic company financials.
Start PracticeDCF Model — Target
An advanced DCF modeling test that challenges you to forecast Target’s merchandise category revenue, model margin recovery and working capital, calculate WACC using peer betas, and value the business using two terminal value methods.
Start PracticeM&A Modeling Tests
Practice merger modeling, transaction assumptions, pro forma financials, and accretion and dilution analysis.
M&A Model — Google Acquires Tesla
Build a straightforward M&A model and practice the basic accretion and dilution analysis.
Start PracticeM&A Model — Microsoft Acquires Activision Blizzard
Build an integrated acquisition model covering 3-statement modeling, transaction assumptions, pro forma financials, and accretion and dilution analysis.
Start PracticeM&A Model — Salesforce Acquires Slack
Tackle a comprehensive M&A modeling case with more complex transaction assumptions, financings, tax, accretion and dilution analysis, and sensitivity analysis.
Start PracticeReady to practice?
Build investment banking models hands-on and strengthen the skills used in financial modeling interviews and real-world transaction analysis.
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